Circolife raises $4.5 mn pre-series A

Circolife has announced it has raised $4.5 million (₹40.45 crore) in a Pre-Series A round, anchored by early-stage investor and mentor Bharat Jaisinghani, Joint Managing Director of Polycab India Limited.

The round also drew participation from a group of individual, fund, and family-office investors: Nitish Mittersain (Founder, Nazara Technologies); Intelliquity Ventures (Mukul Agarwal, Param Capital); Sumit Jalan (MD of a global investment bank); Siddharth Ladsariya (Founder, Everest Fleet) and Anand Ladsariya (MD, Everest Flavours); Anant Goenka (ED, Indian Express); Sky Impact Capital (Aakash Sachdev); Rohit Dev (Founder, Ideas91); and family offices S N Damani and Vyom Wealth (Ramesh Jaisinghani Family Office).

Speaking about this fund raise, Abhishek Murarka, Co-Founder & CEO, Circolife, said “Five cities and 10,000 subscriptions have shown us this model works. This raise is what lets us actually start building at national scale — the fleet, the field service, the technology — and make Cooling-as-a-Service India's default way to buy cooling, not an alternative to it.”

According to Bharat Jaisinghani, “Cooling has always been energy-hungry and high-maintenance, and Circolife makes it effortless — pay monthly, and never think about upkeep again. That effortlessness runs on real technology, quietly monitoring every unit to catch problems before they happen. That's the kind of deep-tech-meets-simple-experience business I look for, and why I backed this team from the start.”

“I’m drawn to businesses where every customer and every transaction makes the platform smarter. That creates a powerful compounding advantage. Circolife may look like an AC subscription business on the surface, but underneath it is building a data and intelligence layer that can make the entire fleet more efficient with scale,” Nitish Mittersain, Founder, Nazara Technologies.